Metals sub-index declines
The metal and mineral sub-index of Scotiabank’s commodity price index declined slightly in February after two months of modest gains. The decline was largely due to stagnant base metal prices. Economi…
Articles by Northern Miner Staff
INSIDER TRADING — McDonald cuts Golden Knight ties
One of the founders of Golden Knight Resources (TSE) and promoter of the Casa Berardi gold find, Bruce McDonald, has sold most of his remaining shares of the junior. In its OSC Bulletin, the Ontario S…
Taseko advances Fish Lake project
With more than $7 million in working capital and no debt, Taseko Mines (VSE) is forging ahead with development of its Fish Lake deposit, southwest of Williams Lake, B.C. At the recent annual meeting i…
Cambior, Soquem to raise $140m
Gold-producer Cambior (TSE) and Soquem are going to the market with an offering to raise $140 million. Cambior, based in Val d’Or, Que., and Soquem, the Quebec Crown exploration company, have conclude…
Scintilore appealing payment order
The Superior Court in Quebec (Montreal district) has ordered Scintilore Explorations (TSE) and President T.H. Polisuk to pay almost $1.5 million plus interest to Union Miniere. The action, commenced i…
Clarification (April 12, 1993)
The Eskay Creek deposit, north of Stewart, B.C., has diluted (by about 27%) reserves of 1.08 million tonnes grading 65.5 grams (2.10 oz.) gold and 2,930 grams (94.2 oz.) silver per tonne, plus 5.7% zi…
Hope Brook plans copper recovery
Along with gold, the Hope Brook orebody runs about 0.2% copper. Until now the copper was discharged to the tails. However, on her last tour of inspection in early March, President and Chief Executive …
Colomac startup set for 1994
A startup at the Colomac gold project in the Northwest Territories is set for the first half of 1994, Royal Oak Mines (TSE) reports. The company hopes to complete a feasibility study by August and sta…
Cream Silver ponders claims appeal
A recent court ruling that Cream Silver Mines (VSE) is not entitled to compensation for the expropriation of its Strathcona Park claims may be appealed to the Supreme Court of Canada. President Frank …
PEOPLE — MARLAT RESOURCES (April 12, 1993)
Sakwinder Narwal appointed president and director; Nanuk Warman and Sterling Klein appointed directors. N5…
PEOPLE — GALLEON MINING
Victor Jung appointed director. N5…
Homestake seeking buyer for Golden Bear gold mine
In light of low gold prices, Homestake Mining (NYSE) has decided against financing expansion of the Golden Bear open pit in northwestern British Columbia. Expansion of the pit, operated by North Ameri…